Nominee related

1. Who is a nominee and why should I appoint a nominee?+ -

A nominee is the person who receives the proceeds of your life insurance policy in case of your untimely death.
A Policy holder nominates a person at the time of filling up the proposal form wherein the nominee is entitled to the death benefits under this policy, on event of the demise of the Life Assured.

2. Can a nomination be cancelled? If yes, how?+ -

A nomination may be cancelled/changed by an endorsement or a will. However, notice of such a cancellation or change should be delivered to the insurance company.

3. What happens to the nomination if I assign my policy?+ -

When you conditionally assign your policy, it shall cancel the nomination till the time the assignment is in force. When you absolutely assign your policy, the nomination shall automatically stand cancelled.

4. Can the nominee of the policy be changed? If yes, how?+ -

A nominee is the person who would receive the sum assured or benefits in the eventuality of the policyholders' death. You may change your nominee or the percentage of nomination during the tenure of the policy.
You have to submit the duly filled and signed Policy Servicing Request Form along with the Nominee ID proof at any Exide Life Insurance branch. Click here to download the required form.

The nomination can also be done online also. For online updation please click here

To check the status of your Service Request online click here

Nominee related

1. Who is a nominee and why should I appoint a nominee?+ -

2. Can a nomination be cancelled? If yes, how?+ -

3. What happens to the nomination if I assign my policy?+ -

4. Can the nominee of the policy be changed? If yes, how?+ -

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